Many seniors and retirees on fixed incomes can file their taxes for free. Free File… more…
TSP Wants to Make Catch-up Contributions Easier for Participants
The process will be simplified by eliminating a form more…
White House Proposes Reduction in Federal Retirement Benefits and 1% Pay Raise in 2021
The proposal includes a 1% across-the board pay raise for civilian employees in 2021 and reintroduces several reductions in retirement benefits from the 2020 fiscal proposal more…
Tax Issues Facing Federal Employees Who Divorce — Part 2: Alimony, Child Support and Tax Carryforwards
Federal benefits and tax expert, Ed Zurndorfer, discusses the various alimony and child support issues for federal employees who have experienced a divorce more…
2021 Federal Pay Raise Proposed at 3.5%
Lawmakers reintroduced the Federal Adjustment of Income Rates Act last week, which — if passed — would provide federal employees a 3.5 percent pay increase in 2021 more…
New Federal Filing Option for Taxpayers Over Age 65 (Working or Retired)
Taxpayers age 65 or older now have the option to file the new Form 1040-SR whether they are working, not working or retired… more…
IRS Launches Improved Tax Withholding Estimator to Help Workers Target the Tax Refund They Want
Starting in 2020, federal income tax withholding is no longer based on an employee’s marital status and withholding allowances, tied to the value of the personal exemption. more…
Federal Employees Could Get Largest Pay Raise in 10 Years
Congressional appropriators reached an agreement Monday for a 2020 spending package giving federal employees the largest pay raise since 2009 more…
House, Senate Bills Would Correct Locality Pay Disparity for Federal Employees
If passed, the Locality Pay Equity Act would close this gap by applying the pay boundaries for salaried employees to hourly workers more…
Senators Want to Replace Thrift Savings Board Over Change in TSP’s I Fund
The senators say FRTIB’s decision to steer federal retirement savings to opaque Chinese firms engaged in human rights abuses and military-related activities is “short-sighted” and “foolish”
more…